Garden State Investment Advisory Services LLC Purchases New Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

Garden State Investment Advisory Services LLC purchased a new stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 13,414 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after buying an additional 7,265 shares during the period. ORG Partners LLC bought a new position in BrightSpire Capital during the third quarter valued at about $53,000. EverSource Wealth Advisors LLC grew its position in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after buying an additional 10,085 shares during the period. McAdam LLC purchased a new stake in BrightSpire Capital during the third quarter valued at about $58,000. Finally, Founders Financial Securities LLC purchased a new stake in BrightSpire Capital during the second quarter valued at about $62,000. Institutional investors own 56.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

BrightSpire Capital Price Performance

NYSE BRSP opened at $6.38 on Tuesday. The company has a market cap of $827.39 million, a PE ratio of -6.21 and a beta of 1.87. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $8.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm’s 50-day simple moving average is $5.81 and its two-hundred day simple moving average is $5.88.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.